Lubrizol says it will invest more than $400 million over the next four years to expand its chlorinated polyvinyl chloride (CPVC) resin and compounding manufacturing capacity globally. Lubrizol’s expansion will be divided into two phases. Phases one and two of the expansion will each add production capacity of 85,000 m.t./year of CPVC resin and 100,000 m.t./year of CPVC compound. Each phase will involve a total investment of about $200 million. Phase one will become operational by the end of 2014, and phase two by the end of 2016. The global...